OK_Rane

OK_Rane

Fundamental Perspective, Positives, 1. Low Debt 2. Good ROCE 3. Increase in FII/DII holding 4. Company with Zero Promoter Pledge Negatives, 1. Decline in Qtr net profit 2. Declining Revenue Technical Perspective, 1. Strong Momentum 2. Tringle Breakout 3. Volume Profile -Price is above POC 4. RS is Positive " MID Valuation Company with high...

OK_Rane

1. Change in the regression trend at day timeframe, 1st Dec 23 It occurred with Gap formation, which will act as good support 2. Another Regression channel can be observed at 1hr time frame 3. Spinning Top Formation at the weekly timeframe, implicates bearish sentiment in the last week's price movement Another "change in the trend" is expected

OK_Rane

- Restest of 1st Trendline - 0.5 retracement of the first wave - Strong Momentum - Enter Between 1500-1520, SL- 1420, T1- 1670, T2- 1820 - Major Resistance - Related to the event, Breakdown from base & Gap Down

OK_Rane

Triangle Breakout with Strong Volume & Momentum SL - 287 Nearest resistance- 350 to 365

OK_Rane

Weekly Timeframe:  1. Engulfing candle: Depicts bearish sentiment, trend reversal indication. Daily Timeframe: 1. Climax Top: 11 consecutive highs followed by selling. This is one of the characteristics of trend reversal; it is often accompanied by exhaustion, a sudden spurt in volume, and then selling like falling knives. 2. Heavy selling: distribution Signs are...

OK_Rane

A strong bullish candle post Bullish Kicker Candle sticks reflect the reversal Key level: Support: 19230 - 19300 Resistance: 19900-20000

OK_Rane

Considering option data and Price Patterns, The channel trend still persists, and price movement is within the regression channel. Expecting to test the below-highlighted supports, the Price movement will be sideways for this month. As long as the price is above 18600, there is no need to consider a bearish outlook on the Nifty. Support levels are S1: Trendline...

OK_Rane

It has been under formation since the 2nd week of March, which reflects the overall trend of the market for the Last 3 Months. It is a good time to invest in Nifty Bees since it has reached an all-time high and is on an unknown trajectory. Overall, it is a super bullish setup.

OK_Rane

1. On the Daily chart since March, there has been an ascending channel trend in the nifty. 2. On the 4HR chart, Ascending Broadening Wedge 3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior. this is expected at an All-time High level. The...

OK_Rane

Ascending broadening wedge, Bearish reversal pattern accompanied in Regression Channel. It is visible in the shorter time frame whereas In a daytime frame, it looks bullish. The pattern will be confirmed if nifty goes below the support line.

OK_Rane

Adani Power stock price has reached near the previous weekly gap resistance, which got created after the event thereby it is expected to get some resistance. Gap filling process may take some time, Such gaps occur majorly after the event and require a similar sort of opposite sentiment to get filled or positive news.

OK_Rane

As discussed in the previous blog, the sell-off was expected to 17000 1. Spinning Bottom Candle, which depicts the reversal and is also supported by open interest data, A lot of puts are being shorted 2. Regression channel, Since Dec 2022, Nifty has been moving in the regression channel, It is reversed from the bottom of the channel. Assuming these structural...

OK_Rane

1. RSI in bullish trajectory 2. Cross 200 EMA 3. Engulfing Candle 4. Price Above 24000 K

OK_Rane

for the last 12 to 15 days the nifty is sideways, it wavering around critical support zone where multiple price patterns are confronting. It is interesting to see, how these patterns unfold. As of now 2 weekly inside candles are form, it likely to create a range of 17700 to 18300 level over this month

OK_Rane

What is time cycle ? Cycles are derived from the High and Low of the price structure, they are cyclic in nature. It follows the pattern, Changes with time. Cycle analysis should be used in conjunction with other aspects of technical analysis to anticipate turning points. Fibonacci pullback found to be 0.618 on previous two instances. It depicts pullback trade,...

OK_Rane

After fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal...

OK_Rane

1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow...

OK_Rane

After a down fall of last week, Nifty taken a support on extended trend line of previous downward channel and consolidated for last 4 sessions. Today, it given a breakout of wedge pattern. It is a reversal pattern. Short term view of next 4-5 session suggests, nifty to move at 18000 level. consider, 17450 as support